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Lynn Bodkin Joins Thacher Proffitt as Counsel in the Real Estate Practice Group.
Oliver J. Armas, Stephen S. Kudenholdt, John M. Woods

Thacher Proffitt was included in the "Which Lawyer?" rankings by Practical Law Company as follows:

* Debt capital markets in New York: Recommended
* Dispute resolution in New York: Recommended
* Securitisation in New York: Highly recommended
* Ollie Armas: Highly recommended

Associated Lawyers
Oliver J. Armas
Stephen S. Kudenholdt
John M. Woods

Associated Practices
Litigation & Dispute Resolution
Structured Finance

Associated Industries
Banking
Financial Services
Structured Finance

05-01-2007

State Bar of Georgia Awards Bill Linkous for 50 Years of Service
The State Bar of Georgia recognizes William J. Linkous Jr. for the completion of more than Fifty Years of Service as a member of the Bar of the State of Georgia. Congratulations to Bill

05-01-2007

Jaffe Raitt Heuer & Weiss Partner Holli Targan Elected Treasurer of the Electronic Transactions Association
Holli Targan, a partner with Michigan-based law firm Jaffe Raitt Heuer & Weiss has been elected Treasurer of the Electronic Transactions Association (ETA). The Washington, D.C. based ETA is an international trade association that serves the needs of businesses offering credit card transaction processing products and services. Jaffe CEO Richard Zussman made the announcement.

Ms. Targan is a member of the ETA Executive Committee in her role as Treasurer, and has served in various capacities for the ETA, including Chair of the Government Relations Committee from 2004 to 2006 and a member of the ETA Board of Directors since 2002. She concentrates her law practice on payment systems and electronic banking law. She is a frequent lecturer and has published dozens of articles on industry-related topics.

05-01-2007

Subprime Lending Shakeout Featured In Podcast With Dykema’s Gottlieb and InsideCounsel Magazine
During the first installment in a series of podcasts examining current legal issues from Dykema and InsideCounsel magazine, Dykema attorney Richard Gottlieb, leader of the firm’s national Consumer Financial Services practice, discusses potential legislative action and litigation hurdles facing lenders in the wake of recent subprime lending woes. To access the full podcast, please visit www.insidecounsel.com/dykemaondemand.

According to First American Loan Performance, a research firm located in San Francisco, January 2007 payments were at least 60 days late on 14.3 percent of subprime loans that had been packaged into securities and sold to the financial markets. This was up from 13.4 percent in December and 8.4 percent in January 2006.

Because of the growing number of U.S. borrowers falling behind on their payments for subprime mortgages, Gottlieb says the government will likely intercede to "end the patch work of inconsistent state laws and local ordinances on the subject. The current situation is bad for consumers, and increases costs for everyone." Gottlieb adds that the government could tighten underwriting standards and call for more complete disclosures of the economic realities underlying certain loans.

Lenders are already facing subprime lending shareholder lawsuits and other types of litigation as a result of the subprime lending fallout. Plaintiffs are using creative legal theories to attack lender actions, but theories are being met with skepticism throughout the legal field, according to Gottlieb, who views this as an attempt by the plaintiff’s bar to create a conspiracy linking lenders, brokers and appraisers to various forms of fraud.

Asked if the recent subprime lending fallout is the worst financial crisis since Enron, Gottlieb rejects the connection because Enron met its demise after fraudulently inflating assets and profits. That is not occurring here, he says. Gottlieb believes the subprime lending industry will not collapse under the weight of any fraud because the current situation is a result of specific market forces such as the housing bubble burst and a downturn in the economy.

Gottlieb is a member of Dykema’s Consumer Financial Services practice in the firm’s Chicago office. He focuses on financial services litigation issues, representing primarily mortgage lenders. A frequent lecturer and author on consumer finance and class action issues, Gottlieb has recently published several articles and been quoted extensively in the last few weeks regarding the impact of the subprime lending crisis. Click here to learn more about Gottlieb.

05-01-2007

Debevoise & Plimpton Publishes Inaugural Issue Of Financial Institutions Report
Debevoise & Plimpton LLP’s Financial Institutions Group has published the inaugural issue of the Debevoise & Plimpton Financial Institutions Report, a new report focusing on legal and industry trends affecting all sectors of the financial services industry.

The premiere issue, authored by members of the firm’s Financial Institutions Group in New York, London and Hong Kong, explores topics including the Brazilian reinsurance market, life insurance IPOs in Korea, sidecar transactions in the private equity and hedge funds industries, complex structured finance transactions, anti-money laundering rules, and U.S. insurers’ affiliate receivables.

"We hope the Financial Institutions Report provides insight into the current issues and developments affecting the financial services industry around the world," said Wolcott B. Dunham, Jr., global co-head of the firm’s Financial Institutions Group and the publication’s editor-in-chief. "The content reflects Debevoise lawyers’ decades of experience advising the firm’s clients on complex transactional, litigation, and regulatory matters."

The Financial Institutions Group includes lawyers from Debevoise’s eight offices and consistently ranks among the world’s leading firms for regulatory compliance, insurance and M&A. The group advises on some of the industry’s most high-profile and sophisticated transactions, including complex cross-border mergers & acquisitions, capital markets transactions, and demutualizations, as well as a broad range of innovative insurance and reinsurance products and the associated regulatory and competition law issues.

05-01-2007

Stephen A. Rowe Named Partner in Charge of Birmingham Office
Adams and Reese is pleased to announce that Stephen A. Rowe has been named Partner in Charge of the Birmingham office of Adams and Reese LLP. As Partner in Charge, Rowe is responsible for the overall administration of the firm’s Birmingham office, and its 60 attorneys and staff members. Rowe also serves on the firm’s Executive Committee.

Rowe is a partner with the Commercial Dispute Resolution and Heath Care Litigation Practice Teams in the Litigation Practice Group. He defends banks and broker/dealers, health care companies, and railroads in complex litigation, including FELA (Federal Employer's Liability Act) matters. He works to resolve disputes without polarizing the situation. He is well known on both sides of the table, and has more jury trial experience than most of his colleagues or peers having tried more than 50 cases to conclusion. This reputation for courtroom success can leverage his clients' position and can result in faster, more favorable outcomes.

Moreover, as a certified mediator and National Board of Trial Advocacy certified civil trial advocate, Rowe is able to offer his clients alternatives to litigation that can generate better results with lower costs. These alternatives include mediation, arbitration agreements, and modification of business practices.

Rowe received his Juris Doctorate from the University of Alabama School of Law in 1978, where he was Managing Editor of the Law and Psychology Review from 1977-1978. He attended the University of the South and the University of Oregon and received his Bachelor of Arts in History from the University of Alabama in 1975. Mr. Rowe is a member of the International Association of Defense Counsel, and is listed in The Best Lawyers in America (Commercial Litigation).

05-01-2007

Two Women Partners Elected to Robinson & Cole’s Managing Committee
The law firm of Robinson & Cole LLP is pleased to announce that partners Alice E. DeTora and Pamela K. Elkow have been elected to serve on the firm’s managing committee, each for a two-year term.

“We are extremely pleased with the partnership’s decision to elect Alice and Pam in leadership positions that will help guide the direction of the firm’s overall strategic mission, as well as help with our continued efforts in improving client service,” comments Managing Partner Eric Daniels.

Alice E. DeTora, representing the Hartford office, is chair of the Labor, Employment, Immigration and Benefits Section. She focuses her practice on employer counseling in all areas of employment relations law, including discharge and discrimination issues, personnel policies, immigration, and workplace health and safety issues.

“Alice’s commitment to the firm has been remarkable over her 22 years at Robinson & Cole. Her dedication to excellence and her knowledge of the law has helped our Immigration practice grow and has led us to become the preferred provider for several Fortune 100 and 500 companies,” states Daniels.

Pamela K. Elkow, resident in the Stamford office and representing the Metropolitan New York offices, is co-chair of the firm’s Environmental Practice Group, and focuses her environmental practice on the voluntary remediation and redevelopment of brownfields; transactional environmental issues; compliance counseling; federal, state, and municipal permitting; and federal and state enforcement.

“Pam’s involvement as chair of the firm’s Pro Bono Committee and leadership role within her Practice Group has been an inspiration to many attorneys in the firm, illustrating the importance of giving back to our communities while still providing great service to the firm’s clients. She has raised the bar firmwide for attorney’s individual commitment to pro bono services,” states Daniels.

Robinson & Cole’s Managing Committee is the firm's governing body and consists of the Managing Partner and four partners, all of whom are elected by the entire partnership. The members consist of representatives from the Hartford, Boston, and Metropolitan New York offices and of partners-at-large.

The Committee has responsibility for day-to-day matters such as development and execution of firm policies, strategic planning, standards of practice, finance, associate matters including training and assignment, practice planning and branch office coordination.

05-01-2007

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